Dynagas LNG Partners (DLNG) Set to Announce Earnings on Thursday

Dynagas LNG Partners (NYSE:DLNG) is set to release its earnings data after the market closes on Thursday, February 15th. Analysts expect Dynagas LNG Partners to post earnings of $0.19 per share for the quarter.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, December 5th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Dynagas LNG Partners had a net margin of 18.63% and a return on equity of 15.57%. On average, analysts expect Dynagas LNG Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dynagas LNG Partners (NYSE:DLNG) opened at $11.08 on Thursday. Dynagas LNG Partners has a 1-year low of $10.58 and a 1-year high of $17.93. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market cap of $553.60, a PE ratio of 13.68 and a beta of 1.14.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, January 11th were issued a $0.4225 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.69 dividend on an annualized basis and a yield of 15.25%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 208.64%.

A number of brokerages have issued reports on DLNG. ValuEngine cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Stifel Nicolaus cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $11.00 in a research note on Thursday, December 28th. Maxim Group reissued a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th. Finally, Jefferies Group began coverage on shares of Dynagas LNG Partners in a research note on Monday, December 18th. They set a “buy” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.

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Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).

Earnings History for Dynagas LNG Partners (NYSE:DLNG)

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